StockNews.com Begins Coverage on CPS Technologies (NASDAQ:CPSH)

StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report released on Saturday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Price Performance

CPS Technologies stock opened at $1.40 on Friday. The firm’s 50 day simple moving average is $1.52 and its 200-day simple moving average is $1.72. The company has a market cap of $20.27 million, a P/E ratio of 27.91 and a beta of 1.26. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.86.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings data on Wednesday, July 31st. The electronics maker reported ($0.07) EPS for the quarter. CPS Technologies had a negative net margin of 3.28% and a negative return on equity of 4.61%. The company had revenue of $5.03 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.11% of CPS Technologies as of its most recent filing with the Securities & Exchange Commission. 11.18% of the stock is owned by hedge funds and other institutional investors.

CPS Technologies Company Profile

CPS Technologies Corporation provides advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets in the United States, Europe, and Asia. The company offers metal matrix composites such as baseplates for various applications, including motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles; hermetic packages for use in radar, satellite, and avionics applications; baseplates and housings used in modules built with wide band gap semiconductors; and lids and heat spreaders for use in internet switches and routers.